Nebius Group (NASDAQ:NBIS) Given "Buy" Rating at BWS Financial

Nebius Group (NASDAQ:NBIS - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at BWS Financial in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $60.00 target price on the stock. BWS Financial's price target suggests a potential upside of 55.48% from the company's previous close.

A number of other research firms have also weighed in on NBIS. DA Davidson set a $45.00 target price on shares of Nebius Group and gave the stock a "buy" rating in a report on Monday, May 19th. Northland Securities began coverage on shares of Nebius Group in a research report on Tuesday, May 6th. They set an "outperform" rating and a $34.00 price target on the stock. Finally, Northland Capmk upgraded shares of Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th.

Nebius Group Trading Up 2.1%

Shares of NASDAQ:NBIS traded up $0.79 on Wednesday, reaching $38.59. 10,363,487 shares of the company traded hands, compared to its average volume of 10,543,322. The business's 50-day simple moving average is $26.28 and its 200 day simple moving average is $29.24. The stock has a market capitalization of $9.10 billion, a P/E ratio of -67.70 and a beta of 3.11. Nebius Group has a 52 week low of $14.09 and a 52 week high of $50.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBIS. Orbis Allan Gray Ltd purchased a new position in shares of Nebius Group in the first quarter worth $331,474,000. Accel Leaders 4 Associates L.P. purchased a new position in Nebius Group in the 1st quarter worth about $96,704,000. Invesco Ltd. bought a new position in Nebius Group during the 1st quarter valued at about $73,782,000. Fred Alger Management LLC purchased a new stake in shares of Nebius Group during the 1st quarter valued at about $67,431,000. Finally, Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of Nebius Group in the first quarter worth approximately $46,822,000. Institutional investors own 21.90% of the company's stock.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.